PGDCAA/DCA/CCA-02
June Examination 2017
PGDCAA DCA CCA Examination
Fundamentals of Accounting
Paper PGDCAA/DCA/CCA-02
Time 3 Hours Max. Marks 100
Note: The question paper is divided into three sections B and C. Write answers as per given instructions.
Section A 10 × 2 20
(Very Short Answer Questions)
Note: Answer all questions. As per the nature of the question delimit your answer in one word, one sentence or maximum upto 30 words. Each question carries 2 marks.
Give example of Compound Entry.
Write two limitations of financial statements.
Explain Realisation Concept.
"Received Rs. 5000 in lieu of Rs. 5100 in final settlement from P". Prepare journal entry for it.
What do you mean by error of commission?
AS-2 stands for ...........
Where the drawings will be shown in final accounts?
485
PGDCAA/DCA/CCA-02 200 3 (P.T.O.)
PGDCAA/DCA/CCA-02 200 3 (Contd.)
485
(viii) Write formula of 'Liquidity Ratio".
What do you mean by trend analysis?
What do you mean by fictitious Assets?
Section B 4 × 10 40
(Short Answer Questions)
Note: Answer any four questions. Each answer should not
exceed 200 words. Each question carries 10 marks.
Give the differences between Fund flow statement and Balance
sheet.
Explain Accounting Cycle.
Write differences between Book keeping and Accounting.
Explain accounting treatment for "Provision for Bad and
doubtful debts" with illustration.
Explain AS-6 in brief.
Give the names of various subsidiary books, with showing
format of any two.
Explain various profitability ratio in brief.
Give Journal Entries of the following:
Cash donation 1500
Goods lost by fire 200
Income tax paid 100
Return outwards 300
PGDCAA/DCA/CCA-02 200 3
485
Section C 2 × 20 40
(Long Answer Questions)
Note: Answer any two questions. Each answer should not
exceed 500 words. Each question carries 20 marks.
10) Give the format of schedule of changes in working capital.
11) From the following information calculate cash flow from
investing activities.
Particulars Purchased Sold
Plant 620000 200000
Non-current Investments 240000 80000
Goodwill 100000
Patents 150000
Interest received on debentures held as investment 8000,
Interest paid on debentures issued 15000,
Dividend received on shares held as investment 20000,
Dividend paid on equity capital 25000.
12) Calculate current assets, current liabilities, stock turnover ratio
from the following information:
Current Ratio 2.5
Working Capital 60000
Opening Inventory 29000
Closing Inventory 31000
Revenue from operations 320000
Gross Profit ratio 25% on revenue from operations.
13) Write short notes on the following:
Comparative statements
Common-size statements